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Home My WebLink About0471 BUILDING "0" 39. ~~so THI3 MOR1'GAGE DEF.O, made ~nd e:ecuted the 10 day ot January , 19 ~8 _ ~ by Richard H. Johnson and Martha J._Johnson, his wife of Box 227, Miamitown, Ohio 45 hs~einafter caUsd ths Mortg~gor. which tam shaU inclode tM hein, kgal roprossnutives, suecessori ~nd aesign~ of the said Mortgagor wAerever the conte:t eo requires or ~dmits. to TURTLE REER AS.SOCIATE3, INC.. P.O. Ro: 618, Jenxn Beach, Fl. 33457 hereinatter eaqed' the Mortgagee, wrhich term ehsU include the . ~uccessore aad aasigns ot the aaid Mortgagee wAerever the conte:t ao requ'vee or edmit~. WITNESSETH: That for devero Rood and v~lusAk conaidention~, and •I~o in eonsidention ot the ~Rgreg~te sum named in tAe promiasory note ot even date herew+ith hereinafter dexribed. the eaid Mortgagor does he~eby grant, Da~~ia, se0. alien, remiae. releax, oonve~ and cont~rm uato the aaid \lortgages, hie heir~, auoees.~ors aad ~ ~aaigns, aU the certain piece•••. parcel... or tract.... ot land, of which the said Mottg~gor is aow seired aad possessed ~nd in~ctuel posxssian. +ituste in the County ei 3t. [.ucie and State ot Fbrida, described ae tolbwx A 0.0769 ~ undivided interest in fee simple absolute as tenant in common in tTe certain real property described in the Master Form Deed of Turtle Reef •Con ominiums 1, recorded in Official Record Book 263, Page 2002, subject to ~ • div stment as set forth in said Master Form Deed and upon such divestment an . int rval ownership consisting of Unit Weeks 32 and 33 in Condominiuro 0-5 , . > ~ ~ ~ ~ i ; m~on isting of Apartment Number D-5 , and its undivided share of the ~ = C°~o n el ements of Turtl e Reef Condomi ni ums 1, as such i s descri bed i n sa i d ~ Q~ias er Form Deed. This is a purchase money mortgage. ; ` •n ' 2= t is turther agreed between the panies to thia mortRage thst, in addition to the terms and conditions set -~out , if s eonveyance ~hou!d be made by the Mortg~gor of the premisea herein dexribed, or any part ' - L~ ~ f, withont first obtaining both the ~vritten conxnt of the Aolder hereot, and ~n au~mptioa of this Q Dob' tion, in writing. by the new proposed Grsntee, then, and in that event, ~t the option ot the holder hereoi, , ^ N wi t ~otice. aU aum~ oi money secured hereby ~hall.. immed'utely snd concurrently writh auch eoaveyance. beoome - due ~nd pay~bk aad said Note and Mortgaqe shdl be in deisult. , ~ . ~ HAVE AND TO HOLD the +ame. WgetAe~ with all snd ~ingular the tmementa, hereditamenta at~d the~nto belonging or in anvwix appertaining and tl~e rever~+an and ~eversions. remainda aud rs , rents, issuea ~nd pro~ita thereof snd aleo all the eatate, rigbc. citk. intereet, property, posseseion, claim tad ' • de whatsoever a~ wroU in law as in equity ot the said Mortg~qor in and to the same and every part. and parcel thereot unto the eaid Mortgsgee, end hi~ heir~. successors and assign+. in fee simpk_ • Md said Mortgagor, for himselt. and hi~ heir~, kgal repressnt~tivea, succes~ors and sssigns. h~ebY aonvenaats C`O with said Mortgagee. hie I~eir~. kgal repre~entetives. sucoeasors u?d aa+iqns. that said Martgag~or is indefeastbly ~ v seised of said W~d in fee simple; that the aaid Mortgagor has tul! power and lawful right to oonvey t6e same in fee ~ nd simple as afore~aid: that it ~haU be is~r[ul for said Mortgagre. his heirs. leg~l represent~tives. saceessore ~nd aasigns. ~ ~ at all times peacesbly and quietly to enter upoe. hold. oceupy and ~joy s~id W~d and every p~rt thereof: ,.,.s~c6~gw. .,:a a:a::a. ...sz! r~;.r..~:=.~~s _ • thaf, ~al~ iana ia free irom eii ifix:uinuaa~ia. ii.ai ~iu ~~'-'T---= u_ ••~rr±e~» ~ `l ~ ~~igns. wiU malce such further essuranc~e to per[ect the tee simpk titk W aaid W~d in eaid Mrotgagee. • his heite. legal representatives. successoro and aaaigns. as may ~son~bly be required: and that aaid Mortg~gor ~ ~ ~ does henby fuUy warrant the titk w said land and every perc thereut and will defend the ~ame against the s j lawful claim~ ot all per~ons whom~oever. ~ ; !t is underatood that each of the words. "note", ..mortgagor" and •.mortlCaBee•• respectively and the proooune ~ ~ ; referring thereto, whether in the ~inguler or plural anywhere in this mortgage. sha11 be aingulu if oae only and ~ shall be plural jointly and xverally, if more than one, and ahell be msxulir~e. teminine aadlor aeuter, wherever ~ t the tonte:t so implies or admic~. o ~ And said Mortgagor tor himself and hie heirs. kgal repreeent~tivee. ~uoc~on and assigns. he~eby oovenante and ' ~ agrees W and with said Mortgagee, hia {egal representative~, aucceaaors and aesigns: V ~ d - I. To pay all and ~inRular the principa! and interest and the variaua and sundry suma of money pey~ble by V virtae of said promiaeory note. snd this mortgege. each and evay, promptly on tha daya respectivdy the same ~ ~ xveraUy become due. _ " L ,j ~ ~ ? 2. To p~y all end singulsr the tuea. aseea~menta, kvies. liabilitiea. obligations and iacumbnaoes of every ~ ~ ? neture~ and Icind no~v on ~aid dexribed andlor that hereRft~r may be impo~ed. suftered. placed. levisd ~ a pt'oP~'~Y• ~ , or as+essed t6ere~pon, and/or that here~fter may be levied or assessed upon thie mortgage and/a the indebtedness I secured 6ereby, eaeh snd every, when due and payabk according to law, betore t6ey beoome delinquen~ wd ~ ~ betore any inten~st attaches or anY Pena1~Y is incnrred: snd ~ so far as any thereot is of record the ~ams s6a11 be i promptly satisfied end discharged ot recad snd the original official document leuch as, tor instmoe, iLe t~ ; ~ ~ r: reoaipt or the satistaction peper officially endor~ed or certifiedl shal~ be pl~ced in the hands ot add Matgages ~ within ten d~ys ne:t efttar payme~st: and in the event that ~ny thereof ie eat so paid. e~tisfied ud discht*6ed. ~ ~ ; said Mortgagee mey at any time p~y the eame or any p~rt thereot witho~t waiving or aHeeting anY option. ~ lien, equity or right uader or by virtae of thia mortgage. aad t6e tull.amount of e~cA and every such p~yment shaII ~ - ; ~ bs immediately due and p~yibk and ahall bear interest from the date theceof unt7 paid ~t the nte ot t~n per ~ _ ~ centuru per aaaum aed Wgether with such intenst shaU be ~ecured by the lien of this mortgage. ~ ~ 3. To place and toatinuously keep oa the buiWings now or 6ee+eafter sitwte on said land fire and windsto~m ~ insurance in the usud standard policy torm, in a sum nM Isss than the smount due hereon. in ~uch comp~ny ~ or comp~nies ae may be approved by said Mortg~gee: and all wcb ineunnoe policies oa any of said bu~7dings. any interest therein or put thereot, in the aggregate aum aforesaid or in escese thereot, ahall oontain the ~nu1 ~ standard mortgagee clause m~king the los~ under said policies. e~ch and every. paYabk to ~aid Martgagee ~s bis ~ int~est may ~ appe~r. and e~ch and every suc6 poliey s6a11 bs promptly dsHvered to and held by wid Mo~tp~c . ~ and. not le~s t6an ten dayt in advanoe of tbs ~pintion ot e~cb policr. to deliwr to ~aid Mortg~~ • r~arwd thersot. together with a raeeipt tor tbe peeminm ot wc6 rsnew~l: and thers sLall bs no sac6 inwr~nee pl~ad . ~ on any of aid buAdic~gs. ~ny interest tl~ein or part thereof. uokss io th~ form u~d wit6 tM bp p~yabis u ~ ~fore~aid: and in tbs rvent any sum ot money becomes p~ribM under au6 poticp or policiss ~nd nid Mortg~g~t ~ ~DRK PAGE ~6 . ~ 3 ~ ~ . ~ ~ . _ _ - - _ - _ - - ~ ~ , _ _ - . ~ ~ _